Module Resources


The purpose of this glossary is to organize resources throughout all modules.

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CREDIT 1

CONSUMER.FTC.GOV


CONSUMER.FTC.GOV website

The Federal Trade Commission enforces the credit laws that protect your right to get, use, and maintain credit.

CONSUMERFINANCE.GOV


CONSUMERFINANCE.GOV website

The Consumer Financial Protection Bureau is an agency of the U.S. government responsible for consumer protection in the financial sector.

CREDIT

Generally defined as a contract agreement requiring a borrower who has received a sum of money to repay a lender later, typically with interest. Credit can also refer to an individual's creditworthiness or credit history, which is used to determine the likelihood that the individual will repay a debt.

CREDIT REPORT


A credit report is a record of the person’s credit history from a number of sources.

CREDIT SCORE


A credit score is a numerical expression based on a level of analysis of a person’s files, to represent the creditworthiness of an individual.

CREDIT.COM


CREDIT.COM website

Get a free credit score and advice from credit experts. Learn how to better manage your credit and which credit products are best for you.

CREDITKARMA.COM


CREDITKARMA.COM website

Credit Karma will provide credit scores and monitoring for free.

CREDITWORTHINESS

A lender's willingness to trust a borrower to repay a debt.

DEBT

Something of value, typically money, that is borrowed by one entity from another entity.

EQUIFAX.COM


EQUIFAX.COM website

One of the three major credit reporting agencies.

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